Elon Musk has officially achieved the status of the world's first trillionaire, with his net worth reaching an estimated $1.11 trillion, largely due to the successful initial public offering (IPO) of SpaceX. The IPO raised $75 billion from investors, and shares in the company opened on the Nasdaq stock exchange at $150, briefly touching $176.50, valuing SpaceX at $2.2 trillion. His stake in SpaceX, including shares and options, is valued at approximately $820.9 billion, complemented by $168 billion in Tesla shares and $116.4 billion in Tesla options.
Musk's immense wealth, though record-breaking, is largely illiquid, as it is tied up in his stock holdings in Tesla and SpaceX. He is currently unable to sell any of his SpaceX stock for at least a year. Critics, including Senators Bernie Sanders and Elizabeth Warren, have used this milestone to renew calls for wealth taxes, highlighting concerns about wealth inequality, especially as SpaceX itself is not yet profitable, having reported losses exceeding $9 billion in 2025 and 2026.
Despite the company's current unprofitability, its valuation is driven by optimism for future growth, particularly in rockets, Starlink internet services, and AI. The IPO also generated considerable wealth for SpaceX employees, creating millionaires out of over 4,400 current and former staff members who held company shares. Musk's net worth now surpasses the combined wealth of the next three richest individuals on the Bloomberg Billionaires Index—Larry Page, Sergey Brin, and Jeff Bezos—and is equivalent to the economic output of entire nations like Poland or Switzerland.
